Voluntary Reserve

Voluntary Reserve

Money or other liquid assets a bank or insurance company puts aside over and above what regulators require. The voluntary reserve may exist to pay unforeseen liabilities or to make the bank or insurance company more fiscally sound. However, a company may keep a voluntary reserve to pay for expected, future liabilities such as dividends. The voluntary reserve is listed as a liability on the company's balance sheet.
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Source of funding: realized and liquid earnings and/or the Company's Voluntary Reserve, as per the Financial Statements as of June 30, 2019.
He said the Group has a clear dividend distribution policy whereby a minimum of 5 percent of shareholders' equity should be distributed after deducting the statutory reserve and voluntary reserve as a 1/4urst share to the shareholders in the event of a profit.
Kay Adeboye was awarded the Queen's Volunteer Reserves Medal (QVRM) in theNew YearHonours list, a military only medal for those who serve in the Voluntary Reserve forces, which he has been a part of for the last twenty years.
The shareholders also approved plans to transfer slightly over 10 per cent (270,851 dinars) of net profit to the voluntary reserve account.C "Global today is an investment target, thanks to its positive performance, strong financial position, debt free structure, regional footprint and track record," Abdul Wahab Al Halabi, director and chief executive officer of Global Investment House, said.
The author proposes a tractable model of the demand for reserves under nonlinear remuneration schemes that can encompass quota systems and voluntary reserve target frameworks, among other possibilities.
Among other things, the shareholders approved the Board of Director's recommendation to pay five per cent cash dividend for the financial year ended 31 December 2015 amounting to KWD 3.9 million and transfer of 10 per cent of the net profit to the voluntary reserve account amounting to KWD 686,829 in addition to the postponement of listing the Company on the Kuwait Stock Exchange and authorizing the Board of Directors to determine the appropriate time to commence the listing procedures.
"I was awarded the Lord Lieutenant's certificate in 2012 for loyal and meritorious service and the voluntary reserve service medal in 2006 for continuous service.
"I was awarded the Lord Lieutenants certificate in 2012 for loyal and meritorious service and the Voluntary Reserve Service Medal in 2006 for continuous service.
We also learn that both his grandfathers had been colonels and that Dyett, who had lived in Albany Road, had enlisted in the Royal Naval Voluntary Reserve in June 1915.
Daniel Bigley, of Jarrow, born April 1892, died December 30 1915, aged 23: After working in Jarrow's Palmer's shipyard, Daniel joined the Tynemouth Royal Garrison Artillery Company, then the Royal Naval Voluntary reserve as an ordinary seaman.
"We knew we had to develop a methodology and assignment process that would work within our voluntary Reserve culture."
Duncan Tait said: As an organisation that has a proud history of not only supplying products and services to the MoD but also employing many citizens who form part of the voluntary reserve forces, Fujitsu recognises the invaluable contribution these individuals make to our community and our business.
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